New Research on China Spirits Market With Focus On Baijiu: Industry Analysis & Outlook (2019-2023): The market report provides an in-depth analysis of the China Spirits Market with a comprehensive analysis of the market sizing and growth. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This China Spirits Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
Top Leading Companies of The China Spirits Market are:
Kweichow Moutai Co. Ltd., Wuliangye Yibin Co. Ltd, Jiangsu Yanghe Brewery Joint-Stock Co Ltd and Luzhou Laojiao Co. Ltd are being profiled along with their key financials and strategies for growth.
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Baijiu is a traditional drink of China that closely resembles Vodka in its fragrance. It is made by a distillation process that uses ingredients like sorghum, wheat or rice depending upon the desired taste. The volume of alcohol is mostly greater than 30% and goes up to 60% in some varieties. It is among the top seven spirits in the world among Whiskey, Vodka, Brandy, Tequila, Rum and Gin.
Baijiu is distinct due to its large variety of taste, its unique production process and the historical value it holds. It has 12 types of aromas and around 10,000 varieties of final tastes. In modern days, this liquor consumption has been influenced by various social and cultural changes that have taken place over the years in China.
The Chinese spirits industry growth is expected to be driven by the increasing urban populace, growing influence of western culture, peer influence on youngsters and accelerating disposable income. The market is trending with the growing E-commerce retail sales and rising private baijiu consumption. However, there are some growth hindering factors in the industry such as the growing fruit juice demand and stringent regulations.
Presently, baijiu is the most consumed spirits product type in China attributable to the extraordinary flavour product profile offered by the key players and the rising preference for rice aroma (light taste) drinks by the Chinese female working class population.
China Spirits Market with Focus on Baijiu: Industry Analysis & Outlook (2019-2023) by Koncept Analytics provides an extensive research and detailed analysis of the present market along with future outlook.
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- Major countries in each region are mapped according to individual market revenue.
- A comprehensive analysis of factors that drive and restrict market growth is provided.
- The report includes an in-depth analysis of current research and developments within the market.
- Key players and their key developments in recent years are listed.
The research includes historic data from 2014 to 2019 and forecasts until 2023 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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Key questions answered in the report:
- What will the market growth rate of China Spirits market in 2023?
- What are the key factors driving the China Spirits market?
- Who are the key manufacturers in China Spirits market space?
- What are the market opportunities, market risk and market overview of the China Spirits market?
- What are sales, revenue, and price analysis of top manufacturers of China Spirits market?
- Who are the distributors, traders and dealers of China Spirits market?
- What are the China Spirits market opportunities and threats faced by the vendors in the China Spirits industry?
- What are sales, revenue, and price analysis by types and applications of China Spirits market?
- What are sales, revenue, and price analysis by regions of China Spirits industry?
List of Tables:
Key Players – Revenue Comparison (2017)
Key Players Ð Product Comparison (2019)
Luzhou Laojiao Project Plans
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